As shown in the 4-hour chart, we can see an active upward movement where the pair moves higher from a periodic value of 0.7570 and bounced back to the resistance level of 0.7710.
Probably, it is assumed that the "bulls" will slow down its movement at the level (0.7710), within 30 points.
Key Levels
Resistance - 0.7710 (+/- 20p);
Support - 0.7500;
Signals
- It is recommended to buy the pair at a price higher than 0.7520 with the target to move towards 0.7750 / 0.77780.
- It is recommended to sell the pair at 0.7685 with the target to move towards 0.7630.
Pay attention: Forecasts are not a direct guide to action!
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